Awards Presented at 2014 Annual Party
Peter Longo Honored with 2014 Founders Award
Crossroads Venture Group, in partnership with the Connecticut Technology Council (CTC), presented various awards at its annual Holiday Party which took place December 11 at the University of Bridgeport.
Crossroads Venture Group presented its annual Founders Award to Peter Longo of Connecticut Innovations. Longo is a senior managing director of investments at Connecticut Innovations, Inc. (CI) who has spent nearly 20 years in numerous roles at CI, including as President. In his current position, Longo is currently responsible for evaluating investment opportunities, structuring investments and monitoring portfolio companies at CI. During the Annual Meeting, CVG elected new officers for their Board of Directors.
In addition to the CVG Award, the Innovation Excellence Award went to CTC member company APS Technology, Inc. APS joins what is now a long list of previous year winners that have included ATMI, Inc of Danbury, Pitney Bowes of Stamford, FuelCell Energy of Danbury, Open Solutions Inc (now Fiserv, Inc.) of Glastonbury, Sonalysts, Inc of Waterford, United Technologies Corporation, ESPN of Bristol, Tangoe, Inc of Orange, Rogers Corporation of Rogers and 2013 winner Alexion Pharmaceuticals of Cheshire.
The Innovation Excellence Award, now in its eleventh year, is given to a Connecticut Technology Council member company that has displayed technology leadership in its industry vertical, increased its market share, expanded its workforce and has been recognized for innovation by its peer or trade groups and industry analysts.
APS Technology, Inc. was founded in 1993 by its current president, William Turner, to provide contract engineering services to the oilfield drilling industry. APS Technology has since grown into a leading provider of MWD/LWD, drilling & optimization (rotary steerable and drilling dynamics), and vibration management products for oil and gas drilling. APS has deep engineering expertise in the design, development and manufacture of oilfield electromechanical, instrumentation, sensor and software products, shock and vibration isolation designs, stress analysis for static and rotating conditions, and mechanical and electronics analysis for harsh environments. APS’s customers include all of the major integrated multinational oilfield service companies, independent directional drilling companies, MWD service companies and oilfield companies engaged in non-drilling related services.
Receiving the 2014 Volunteer of the Year Award was, John Schuyler, a partner at Marcum LLP, a prominent Connecticut public accounting and advisory services firm. Schuyler played a role in helping CTC conceptualize and launch the Tech Top 40 program begun in 2009. Schuyler John is also well known for his many trade mission visits to China’s Shandong province, Connecticut’s sister state for some 25 years now.
CTC’s third award was given to Liddy Karter who has been the Crossroads Venture Group’s (CVG) part-time Executive Director for the last four years. While heading CVG, Karter has overseen several programmatic changes. Her mission was to deliver better events and content and more meaningful networking for the start-ups, investors and service providers who attend and support CVG events. Karter will now devote herself more fully now to her role as Managing Director at Enhanced Capital Partners, a national asset management firm providing investment capital to small businesses that are underserved by traditional sources of financing.
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